Pholosa Asset Management

Pholosa Asset Management, founded in 1990, is a South African Company that seeks to provide world-class credit solutions. They provide retailers, government and financial service providers with innovative solutions that enhance the return of credit assets. Pholosa is a member company within the Mayibuye Group. By means of innovative technologies, the company is able to limit risks associated with financial assets. Pholosa Financial Solutions provide upfront capital in exchange for the transfer of ownership of credit. This is done through once off purchasing that converts credit into immediate cash and rolling transactions, in which accounts that are in arrears are handed over for collection. In addition, their collection solutions consist of customer rehabilitation, cash recovery and legal recovery. Customer rehabilitation is a process in which customers are made aware that credit is handled by a credit grantor. Aspirational collections and enforcement- process collections serve as a means of cash recovery. Legal recovery is the last resort.